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Ronald Koeman Named Everton Manager: Latest Contract Details and Reaction

Ronald Koeman has been appointed manager of Everton after agreeing an exit from Southampton, Everton announced on Tuesday.

OFFICIAL: #EFC is pleased to confirm the appointment of manager @RonaldKoeman on a 3-year contract! #WelcomeRonaldhttps://t.co/fDdNUsO9Mf

— Everton (@Everton) June 14, 2016

The Dutchman arrives at Goodison Park as a replacement for axed chief Roberto Martinez.

The Press Association's Simon Peach reported on June 5 that Everton paid Southampton a compensation fee of £5 million in order to bail their new boss out of the last year of his Saints contract.